Allspring Global Investments Holdings LLC Has $18.38 Million Position in Simon Property Group, Inc. $SPG

Allspring Global Investments Holdings LLC lifted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 3.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 97,715 shares of the real estate investment trust’s stock after purchasing an additional 3,137 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Simon Property Group were worth $18,379,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Brighton Jones LLC bought a new stake in Simon Property Group in the 4th quarter valued at $295,000. Marshall Wace LLP increased its holdings in Simon Property Group by 316.2% during the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after purchasing an additional 15,033 shares in the last quarter. Jump Financial LLC increased its holdings in Simon Property Group by 80.1% during the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock worth $2,714,000 after purchasing an additional 7,506 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Simon Property Group by 1.7% in the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock valued at $5,745,000 after purchasing an additional 598 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of Simon Property Group by 13.4% in the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock valued at $4,573,000 after purchasing an additional 3,372 shares during the period. 93.01% of the stock is owned by institutional investors.

Insider Activity

In other Simon Property Group news, Director Gary M. Rodkin purchased 256 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $223.34 per share, with a total value of $57,175.04. Following the acquisition, the director directly owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This trade represents a 1.23% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel C. Smith acquired 372 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $223.31 per share, with a total value of $83,071.32. Following the completion of the transaction, the director owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by insiders.

Analyst Ratings Changes

SPG has been the subject of several recent research reports. Scotiabank upped their price objective on Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Piper Sandler boosted their target price on Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Weiss Ratings raised shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 14th. Finally, Barclays lifted their price objective on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and an average price target of $216.14.

Simon Property Group Price Performance

NYSE:SPG opened at $226.72 on Wednesday. Simon Property Group, Inc. has a 1-year low of $159.70 and a 1-year high of $231.52. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a fifty day simple moving average of $214.37 and a 200 day simple moving average of $200.83. The stock has a market capitalization of $73.52 billion, a PE ratio of 15.76, a P/E/G ratio of 2.95 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, research analysts expect that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $2.25 per share. The ex-dividend date was Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. Simon Property Group’s dividend payout ratio is 62.54%.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.